Recession Concerns Weigh on Oil Prices: Canada’s Three-Year Energy Outlook

Name: Recession Concerns Weigh on Oil Prices: Canada’s Three-Year Energy Outlook
SKU: 11955-0405-WEB
Price: 225.00 CAD
Availability: InStock

Canadian Economics

February 14, 2023

Canadian

Pages:14 pages13 min read

Author: The Conference Board of Canada

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on energy. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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This quarter, we look at the effect of a global economic slowdown on oil prices and production in Canada’s oil and gas sector.

How will the war in Ukraine and fears of a global recession affect energy prices in 2023? To what extent will last year’s significant rebound in capital spending in the oil and gas sector carry through into this year? We share our forecast for Canada’s energy sector over the next three years, including industry output, prices for oil and natural gas, the labour market, and capital spending.

Read the issue briefing to get our full analysis.

Key Findings
Energy Snapshot
Overview
Recession Concerns Weighing on Prices
Oil Production on the Upswing
Some Workers Coming Back, But Is It Enough?
Oil Exports Facing Supply Bottleneck
Renewed Investment in Oil and Gas
Methodology